Overview
What is Education Credit Union?
Education Credit Union is a nonprofit financial institution based in Amarillo, Texas, with an address at 6203 Hillside Rd, ZIP code 79109. With a dedicated team of 164 employees, they provide federally insured certificates of deposit to their members at competitive rates, aiming to cater to their financial needs effectively. Their mission is to be the preferred financial services provider for their membership.
Is Education Credit Union legitimate?
Education Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Education Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,523,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,060,854
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What is the mission statement of Education Credit Union?
Education Credit Union is dedicated to being the preferred financial services provider for its membership. They aim to achieve this by offering competitive rates on federally insured certificates of deposit to their members. The credit union prioritizes the financial needs of its members and strives to provide them with the best possible financial solutions. By focusing on member satisfaction, Education Credit Union sets itself apart as a trusted financial partner. It's their commitment to delivering quality financial services that helps them build strong relationships with their members.
Who is the CEO of Education Credit Union?
Marcus Smith is the CEO of Education Credit Union The CEO's salary of Education Credit Union is $630,192 and their total compensation is $682,756.
What is the revenue of Education Credit Union?
Education Credit Union's revenue in 2024 was $39,847,189.
Who are the executives of Education Credit Union and what are their salaries?
The average compensation at Education Credit Union during 2024 was $51,630. There are 205 employees and 9 volunteers at Education Credit Union.
Here are 22 key members and their salaries (Education Credit Union's CEO's salary is $630,192 and their total compensation is $682,756):
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- Compensation: $630,192
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- Other: $52,564
- Compensation: $421,238
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- Other: $42,183
- Compensation: $162,247
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- Other: $25,254
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- Other: $0
- Compensation: $180,188
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- Other: $26,671
- Compensation: $159,632
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- Other: $24,016
- Compensation: $163,314
- Related: $0
- Other: $18,298
- Compensation: $215,252
- Related: $0
- Other: $30,219
- Compensation: $129,450
- Related: $0
- Other: $21,900
- Compensation: $121,576
- Related: $0
- Other: $21,068
- Compensation: $116,538
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- Other: $20,152
- Compensation: $113,585
- Related: $0
- Other: $20,331
- Compensation: $110,016
- Related: $0
- Other: $19,809
Where can I find the form 990 for Education Credit Union?
Education Credit Union's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Education Credit Union
Education Credit Union, with its mission statement, aspires to be the preferred financial services provider for its membership. The organization takes pride in offering federally insured certificates of deposit at competitive rates to its members.
In simpler terms, Education Credit Union is dedicated to delivering quality financial services that cater to the needs of its members. The union's commitment to excellence is reflected in its competitive certificate of deposit rates, which attract and retain members. By prioritizing its members' financial wellbeing, Education Credit Union distinguishes itself as a trusted financial partner.
The Credit Union's primary goal is to provide its members with a wide range of financial services that cater to their diverse needs. Through its various offerings, Education Credit Union aims to help its members achieve their financial goals, whether it's saving for a rainy day, investing for the future, or managing their daily expenses. With a focus on member satisfaction, the Credit Union continually strives to improve its services and offerings to maintain its preferred status among its membership.
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Impact
October, 2024
Education Credit Union significantly impacts its community by providing accessible and competitive financial services to its members. Based in Amarillo, Texas, ECU offers federally insured certificates of deposit that help individuals save securely while earning competitive returns. By prioritizing the financial well-being of its members, ECU fosters a sense of community and trust, empowering individuals with the tools needed for effective financial management. Additionally, its commitment to being the preferred financial services provider ensures that members have access to reliable resources and support, enhancing their financial literacy and overall stability. Through these efforts, ECU plays a vital role in promoting economic growth and security within its membership base.
This information is meant to be a general summary of Education Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,481,482
- Program Service Revenue: $27,162,583
- Gross Receipts: $39,847,189
Assets and Liabilities:
- Total Assets: $421,777,858
- Total Liabilities: $374,932,010
- Net Assets: $46,845,848
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Members
Revenue
$27,162,583
Organization Details
Founding Year
1935
Phone
(806) 358-7777Principal Officer
Quince Cogburn
Main Address
6203 Hillside, Amarillo, TX, 79109
NTEE Category
Code: W60 - Public benefit
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